Forsta AP Fonden Raises Stake in MSCI Inc. (NYSE:MSCI)

Forsta AP Fonden raised its position in shares of MSCI Inc. (NYSE:MSCI) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,800 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Forsta AP Fonden’s holdings in MSCI were worth $13,874,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MSCI. Rothschild Investment LLC purchased a new position in shares of MSCI in the second quarter worth $26,000. HWG Holdings LP purchased a new position in shares of MSCI in the second quarter worth $27,000. Crewe Advisors LLC purchased a new position in shares of MSCI in the first quarter worth $34,000. Ridgewood Investments LLC purchased a new position in shares of MSCI in the second quarter worth $40,000. Finally, American National Bank & Trust purchased a new position in shares of MSCI in the third quarter worth $58,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.3 %

NYSE MSCI opened at $588.72 on Friday. The company’s 50-day moving average price is $578.79 and its 200-day moving average price is $528.30. The stock has a market cap of $46.64 billion, a PE ratio of 40.19, a PEG ratio of 3.17 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSCI. Evercore ISI began coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target on the stock. Morgan Stanley boosted their price target on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Argus boosted their price target on shares of MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $615.23.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.